we need to look at what's in nafta, not the or aura that we' given to nafta. if you look at the components of it, the tariff is sometimes the least economically part of it. what happened to price. but also we talk about the rule of law. let's talk about labor law. you know, one of the most important things we could have done if we really wanted to tie our economy to mexicos would have been to protect mexico workers' rights to organize a union. we didn't do that under nafta and that was a failure. that's one of the reasons why if we look at the benchmarks -- the benchmarks, not about the volume of trade. nobody cares. they wake up thinks about their jobs, wages, the living conditions, the cleanliness of the air and the safety of their consumer products. on that part nafta did not, nafta did not fulfill the right rule of law of making sure that workers could exercise their fundamental human rights at the workplace without fear of arrest or violence or being fired. and so that's the failure of nafta that it was the wrong rule of law. >> we've got about seven minu

very little about nafta. so how they will roll out and implement a new nafta policy is for the moment -- unclear. we have the president's very strong statements, and for the rest of it, we're waiting. we know that rex tillerson met yesterday with the mexican foreign minister. we also know he met separately with christa freeland, the canadian foreign minister. three of them did not meet together, which is interesting. we know that pena nieto canceled a trip here and there are no plans for him to come. we do know that prime minister trudeau will come as soon as next week. kellian conw ial kellyanne conway let it slip on the air that he may be here as soon as next week. we know wilbur ross' name is soon to be up on the floor of the senate. my sources tell me as soon as ross is in the chair they will begin implementing their trade strategy and that ross will lead it. what we're going to do this morning with our really superbly qualified panel is try to give you an idea as you walk out of here, both this panel and

about nafta. we heard a lot about china. we heard a lot about it. pp. a lot of things are going to be ripped up. a lot things will be done away with. a lot of things will be changed, yet we have little in the way of actual specifics that have come out. the president's trade team, some of them have been named, formerly named wilbur ross nomination is somewhere on the floor of the senate. they will get to him at some point as they march through a list of cabinet officers. bob lighthiser, ftr, he hasn't been set up, because he advised a foreign power at some point in his career. that be a block to serving. peter navarro at the national trade council. he has very well-known views that relate to china. bob lighthiser that has very well-known views relate to china. wilbur ross has well-known views that largely relate to china. what is interesting sitting here at a panel on nafta 2.0, each of these men has said actually very little about nafta. so how exactly they will roll out and implement a new nafta

very little about nafta. so how they will roll out and implement a new nafta policy is for the moment -- unclear. we have the president's very strong statements, and for the rest of it, we're waiting. we know that rex tillerson met yesterday with the mexican foreign minister. we also know he met separately with christa freeland, the canadian foreign minister. three of them did not meet together, which is interesting. we know that pena nieto canceled a trip here and there are no plans for him to come. we do know that prime minister trudeau will come as soon as next week. kellyanne conway let it slip on the air that he may be here as soon as next week. we know wilbur ross' name is soon to be up on the floor of the senate. and up and out. my sources tell me as soon as ross is in the chair they will begin implementing their trade strategy and that ross will lead it. what we're going to do this morning with our really superbly qualified panel is try to give you an idea as you walk out of here, both this panel and

nafta is -- infrastructure and computer systems on both sides. nafta is digital. all the hings you need to do to work the supply chain and forecast sales. to invoice a customer. it is not like switching off a light. all of a sudden nafta goes away. this is billions of dollars that has been invested in this infrastructure we call "nafta." 14 million u.s. jobs are tagged -- tied to nafta. as we approach this, we need to keep that in mind. geographic proximity always makes the difference. you would expect that mexico is the main export market for the majority of u.s. companies. let me explain that for a second -- 57,000 u.s. companies export to mexico. of those 57,000 companies, 94% are small and medium-size. you are talking about -- this is the essence of geographic proximity. if you start exporting, you might want to export your neighbor. so, a lot of jobs are at stake. if you just take one example of the domino effect of something like this -- we received exports of avocados and tomatoes from mexico. a lot of families are working in that industry. the u.s. is a gr

nafta has not done much.t if you look at another index, the human development index, you will see that mexico is reaching the gap with the u.s. in the last 20 years. education has increased a lot in mexico, and also health. about 95 million mexicans are by health insurance. this is a new mexico. that, thereause of have been a lot of mexicans coming back, some of them willingly, deportation for some of them. if you don't have health care, if you don't have educational services here, they better go back to mexico. that helps explain why in the past seven years there has been zero net migration of mexicans into the u.s. the good thing about renegotiating that stuff, now we have to have a labor agreement within nafta, then we can really talk about salaries. there is a new or emerging consensus in mexico. the mayor of mexico city has been talking about raising the minimum wage. he is getting somewhere. for now, listen about this from every single political side. you will finally listen, the transportation minister

nafta, since 1993, he's been railing against nafta. >> he may gut it then. >> he really -- >> he may do it. >> it's one of the areas where it's what he believes, versus other issues, he's been here, he's been there. the winds blowing over that way, i'm going that way today. i think there is a sense that some of these promises he delivered directly from his view to the voters who are responsible for electing him, he feels like he owes delivering on some of this politically, because if he doesn't, that's the base of his power. he's talking to that set of people who delivered his way into the white house. and these are one of those issues that he knows instinctively, but the polling shows, that is where you take those swing democratic voters. those people who voted for obama twice, in pennsylvania and ohio and wisconsin, you move those folks into supporting him and holding their nose and everything else he does. if he can deliver on the trade and job stuff. >> where is there any environments throughout his entire career that trump cares about workers, that he cares about every day peopl

nafta hasn't done much. but if you take another industry, the human development index, you'll see mexico is really reaching the gap between the u.s. in the last 20 years. why is that? well, because education has increased a lot in mexico. and also helped. now, about 95 million mexicans are covered, but very low, but important, help insurance. so this -- so this is a new mexico, and also because of that, you'll see it, there has been a lot of mexicans coming back, some of them willingly because of the persona, some of them because if you don't have help here, if you don't have the location services here, they better go back to mexico. so that helps to explain why in the last seven years there has been zero net migration of mexicans into the u.s. and you're right, the good thing about renegotiating nafta is that now we have to have a labor agreement within nafta and then we really could talk about salaries. there is a new consensus in mexico, the mayor of mexico city, he -- he's been talking about raising the

nafta -- how old was he on nafta -- how bold was he on nafta? guest: as world leaders come to visit, some of the comments are a bit milder. we saw that with my minister abe. prime minister canada and mexico, they said they would consider renegotiating nafta but they are not ready to jump in head first. vague talk about discussions in the future between the two countries. you also had a donald trump saying we see reciprocal trade as big, meaning relatively balanced trade with canada. the u.s. has a surplus in goods if you exclude oil. he sees the deficit with mexico as a problem. there's the related issue of isigration with mexico that sometimes linked to the trade issue by trump supporters. will belliam mauldin here to discuss these issues. he is here to take your questions on it as well. republicans, 202-748-8001. democrats, 202-748-8000. independents, 202-748-8002. the president was asked about nafta and what he said about it. [video clip] president trump: we will be tweaking it. it is a much less severe situation than what has taken place on

people who like nafta and people who hate nafta agree that the nafta blame of that is between 100,00000,000. that means almost all of it is other things, technology and other things, not nafta. >> erin, great to be with you and great to be with cnn. look, i think there's something wrong here, because i agreed with almost everything robert reich just said. not everything, but a lot of it. if you go back to the history of this, this was actually ronald reagan's vision in the 1980s, to have a free trade zone in north america, and of course, it was consummated under a democrat, bill clinton. i think it was one of the great bipartisan accomplishments that we've had over the last 25 to 30 years. look, i think trump has a point about the fact that it's now, you know, 20 years old, and there are parts of it that probably do need to be renegotiated and modernized. and the other thing i would say, erin, having travelled with donald trump to a lot of those midwestern states, you know, pennsylvania, michigan, ohio, wisconsin, indiana, illinois, those are states where a lot of the workers agree wi

that's why there never been negotiations to renegotiate nafta. enter president trump and the question is, what has he introduced that will change the fundamental dynamic? the answer -- he is threatening to withdraw. does that change the dynamic? if it is credible, it certainly does. i would argue the threat is not credible. although the populations of the three countries believe he is serious, i do not believe he is serious and i would be very surprised the leadership of mexico or canada or trade officials believe he is serious. and as a consequence, i do not think the dynamics will change. i think they will be very diplomatic with president trump as they have to be. i am not convinced there is really going to be a serious renegotiation of nafta. host: what is your reaction? agree i do not know if i there will not be any serious renegotiation with the nafta but the threat to withdraw is will facewhere trump pushback from members of congress and the business community because the reason why you enter into a trade deal because you know you agree to

no, he's called ita is made about nafta. it a horrible deal, perhaps the worst us is as a maid. can see him again going from discussing us canadian policies to focusing on mexico. that is where his real concerns are. he is mexico. that is where his real concerns are. he is talking about all thejobs he is trying concerns are. he is talking about all the jobs he is trying to take back to the us nec ‘s mexico as the beneficiary of nafta, but understandably can make deemed a nervous ““ understandably can make deemed a nervous ——— understandably canadians are nervous. they depend on the us over their economy. any trade agreements are going to have canadians want to do and are rightly concerned. one thing i want to ask you, here is a tweet... i spotted a lot of people complaining about this, these reasonable complaints? well, the past meetings with foreign leaders they've only had a handful of questions. this wasn't a full press competence. but, guess the people that he called on, there were two american journalists and two hannay

maybe we do a new nafta and we put an extra "f" in the term nafta.for, right? free and fair trade. not just free trade, free and fair trade, because it's very unfair. >> joining us this morning, carla hills is the former u.s. trade rep that helped craft nafta. madam secretary, good to have you with us. good morning to you. >> good morning and it's a pleasure to join you. >> the metaphor's been brought up again and again. you've got a 23-year-old wardrobe, you're going to refresh it somehow. is that appropriate when talking about nafta? >> i think we could build on the nafta. you know, it was negotiated, as you say, 23 years ago. it was an advance then. we opened up the agricultural market. it had never been done on any trade agreement. protected property, eliminated all industrial tariffs between our two nations and had good rules for enforcement. but since the early '90s, we've had digital trade develop, we've had energy put on the table because mexico has open up its energy market. so yes, we could refresh and add to the nafta and make it even bett

nafta is 23 years old. he ran for president, talked about the renegotiation of nafta. that is what we did with tpp. represents a significant improvement over nafta of 23 years ago. the question is, what further steps does the administration want to take to go beyond that? we haven't heard a lot of specificity, with mexico or canada, but that is the question on the table. of office been out for a few weeks. i imagine you thought a lot isut where multilateralism headed. is it too early to write an obituary for multilateralism? mr. froman: globalization itself certainly is not dead. while the administration has taken a step back from some of our international trade commitments and our approaches, the rest of the road is moving ahead. they are furthering integration through trade agreements. china is leading negotiations with 16 countries ranging from india to japan. they will try to get that done this year. we have seen, even in the context of brexit, the u.k. is focused on not pulling back from trade, but neg

ora care if it is a renovation of nafta or a brand—new nafta, but we do have to make it fair and oro make it fairand it or a brand—new nafta, but we do have to make it fair and it is very unfairto to make it fair and it is very unfair to the american worker and very, very unfair to companies who do business in this country, that is why they are leaving. samir and hussein in new york for us, first he said that he doesn't like the pacific trade deal and now it is nafta and that is a worry for mexico and canada? absolutely, but unlike the tpp, the trial specific partnership, yazd at a way from a deal altogether but you will hear that the language he has dealt with is more, it beats to be renegotiated, and there are people, this has been in place for more than two decades and a lot of people have changed and it is possible to rework the free work of this free—trade agreement. of course the difficulty is that this requires some diplomacy, and unfortunately it seems that mexico american relations are not going as well these days. yes you can say that again and we have heard more in the ne

president during the last three months you have denounced nafta. you have talked over and over about the mexican portion of the agreement, very little about the

so it is free and fair not just free. -- a renovation for nafta or a new nafta.very unfair for companies that do business in this country. that is why they are leaving. y'all know wilbur ross? negotiations.the we have assembled tremendous talent. he is one of the greats. he is fair and he will be fair to other countries and i think we will have a hold a picture by the time we finish. i want to thank global or for being here. tremendouswill be for our workers and companies. thank you for being here. vonnie: that was donald trump moments ago following a meeting with lawmakers. some of what donald trump says wilbur ross will represent the u.s. and negotiations and nafta is unfair. he said maybe it needs to be free and fair trade. that wilbur is one of the great people of wall street and will be fair to other countries. tonight minutes ago. --ll stagflation, deflation we talked about a correction. what do we do? is thisriver behind it will lead to a stronger dollar. everything around trump policy points to a stronger dollar. , at someve an increase point in 2017 the

remember, the nafta agreement really was the canada/u.s. free trade agreement with mexico hung on the back. that may have been a little premature. mexico wasn't a developed economy at the time, didn't have the kind of social or governmental institutions necessary to collaborate in that three-party agreement. so a renegotiation or a redo of nafta is not totally illogical. it was negotiated before the internet. there's a lot of things about naphtin half nafta are old. a lot of it needs to be not j k junked, but innovation-forward-looking. it's an old agreement. >> for american viewers getting their first glimpse, their first taste of justin trudeau at this event today, what should we know about him? >> dynamic, very talented young man. the first time i saw him is when he gave the eulogy at his father's funeral. i was ambassador. i took jimmy carter, our former president who served with mr. trudeau the first, and when -- i had never seen justin trudeau before, and he gave the eulogy at that funeral. i sat there and said, there's a star on the

but i think nafta contributed. and the other issue is nafta was a bargaining tool. there is a professor at the industrial revelation school that documented a number of cases where companied threatened to move to mexico if the countries unionized. i think the effects were negative on the less educated workers. working in the u.s. and europe i look at the ttp and this is about regulation primary. there are formal trade barriers between the u.s. and europe. we have massive trades and the mast majority pass with zero or low tariff. it is about putting in regulations and i worry about the regulations. the law might limit the ability if an area of state want to ban fracking would you be able to do that. in europe the gmo have more restrictions. and you set-up this tribunal and it is hard to justify. it is a tribune that only investors can bring cases before. european reporters thought i was a nut ball when i started talking about this. they put that in there. having freer trade and zero instead of half a sent is good. but that is not what the ttp is about. if anyone was i

or a brand-new nafta. we do have to make it fair. and it's very unfair to the american worker and very, very unfair to companies that do business in this country. that's why they're leaving. one of the many reasons. really, the taxes are too high and we're going to take care of that also. you all know wilbur ross, who is one of the great people of wall street, and he's going to be representing us in negotiations, along with his -- a lot of other great people. so we have really assembled tremendous talent. some of the best in the world. carl icahn called and said i can't believe you got wilbur. wilbur is known as "wilbur" and one of the greats. and he's fair. and he's fair to other countries. he will be fair to other countries. and i think we're going to have a whole new -- a whole new picture by the time we're finished. i just want to thank you for being here. we're starting the process and i think it's going to be a tremendous thing for our country, for the workers and for our countries that employ the wo

per se a nafta, it wasn't called for by the nafta treaty arrangements.envision the opportunity there for the idea of a border infrastructure bank which i hope would be trilateral, include canada, mexico and the united states. a formula to be negotiated engines of how much capital. the board would have to be structured appropriately. you would use the same kind of process would have to be gone through as was gone to great the development bank. the opportunity is there. again, any rearrangement of the nafta arrangements, that kind of, we've seen these different presentations. embedded in andrews recitation was huge amount of uncertainty about coordinating the process across the board and you with the revenue flows. that is a perfect role for institutions like this that could provide that fiduciary transparency for the revenues and be a fiduciary agent that would be kind of jointly controlled by both countries. and then juan carlos presentation likewise i think is on lot of opportunities of their four weathers a missing piece and that missing piece to my mi

did you discuss nafta today?> we really in much more general terms talked about the importance of the canada-u.s. trading relationship. the importance of the 9 million americans who depend on exports to canada for their jobs and similarly in canada our 2.5 million jobs. and the need to continue to improve that so we can continue to have good paying jobs for americans, good paying jobs for americans. it was a positive meeting with a sense of a positive outlook to come. >> we're just looking for more specifics because i know you were talking about opening that bridge to canada that connects the u.s. and canada creating more jobs but we want specifics. how are you going to be able to do that? >> well, i think what's important from our standpoint to start is to look at how positive it's been. i think what the president said today was that the relationship is one that's actually produced really positive outcomes and we talked about the need to, you know, continue to improve our effectiveness of our board sorry we can

in the last three months you have denounced nafta.nd when you talk about changes to nafta, concerning canada, are you talking about big changes or small changes? thank you. translation: thank you. it isa thank you. translation: thank you. it is a real concern for many canadians, because we know that our economy is very dependent on our relationship with the united states. goods and services to cross the border each way. every single day. and this means a lot, millions of jobs or canadians, and good jobs for canadians. so we are always focusing on these jobs, but there are also good jobs, millions ofjobs in the united states that depend on those relationships between our two countries. so when we sit down, as we did today, and as our teams will be doing in the weeks and months to come, we will be talking about how we can continue to create good jobs for our citizens on both sides of the border. and doing this exercise, we continue to understand that we have to allow this free flow of goods and services, and we have to be aware of the i

nafta makes the u.s.ne of the most attractive manufacturing locations in the world because of value-added productivity of both canada and mexico in one integrated north american supply chain. if we could complete free trade agreements with asia and europe, the u.s. could, in fact, become the undisputed champion in manufacturing once again. withdrawal from nafta would have massive repercussions, thousands of u.s. companies would have to ship their supply chains at great cost and disruption to their businesses. americans should understand that pulling out of nafta does not ensure that production in mexico would come back to the united states. in fact, it's possible that many u.s. manufacturers would either find suppliers in other countries or use mexican production to export to other markets because mexico has 40 plus free trade agreements, double our level. we've talked about tpp and nafta, but we haven't mentioned the huge economy that is part of neither of those agreements, china. u.s./china relationship

maybe we do a new nafta and we put an extra "f" in the term nafta.w what the "f" is for, right? >> yeah. >> free and fair trade. not just free trade. it's very unfair. all the statutory guidelines we're adhering to, i would like to speed it up if possible. you're the folks who can do it, senator. so important. and we will make great trade deals, and we will have something that -- i don't care if it's a renovation of nafta or brand-new nafta, but we do have to make it fair, and it's very unfair to the american worker and very, very unfair to companies that do business in this country. that's why they're leaving, one of the many reasons, including the taxes are too high. we're going to take care of that also. you all know wilbur ross, who's one of the great people of wall street. he's going to be representing us in negotiations along with a lot of other great people. so we've really assembled tremendous talent, some of the best in the world. carl icahn called me and said, i can't believe you got wilbur. wilbur on wall street is known as wilbur. he's on

jon ka, kind delicate issue on the travel ban and nafta. deep differences between the two leaders t tried to downplay them. >> they did but the are stark and of refugees in icular, question president trump of course, has his ban, an outright ban on com ban coming from syria. when that news hit minister trudeau said canada would welcome refugees and mentioned canada has welcomed 40,000 refugees from syria alone. so no way to reconcile those two differences although they were very diplomatic and polite as they disagreed. >> the about general flynn and interesting in the two questions he chose he decided to reach beyond the front row in the briefing room and bring in some outlets that hadn't always gotten questions? >> we have seen george, in the last couple of visits from state leaders. the first questions going to traditionally more conservative outlets if yo will. i'm not surprised though that the fstion didn't come because we hadach side in a state visit would only get two questions, two for domestor press. you said the story here today is

that a new nafta could actually be two deals. one with each country. saying any negotiations would involve all three. for "nightly business report." washington. >> lumber liquidatorliquidators. the result easily beat analysts' expectations. they said a rise in same store sales help overall revenue. they said the company remains committed to returning to profitability. the shares popped 17% to $17.98. the railroad company csx said it would cut a1,000 management positions for what it called an involuntary separation program. they are expected to be concentrated in the head quarter operations and the company said the ceo and president are expected to retire at the end of may. csx shares up 37%. shares of community health systems cook off today following the hospital operators' better than expect earnings and revenue report that came out yesterday. the community health said it divested more than 20 hospitals in the latest quarter and will continue to focus its efforts on reducing the debt load. shares soared more than 33% to 923. >>

set aside nafta. two items could pose a challenge to the flow of goods. >> and trudeau was very keen to highlight not only the dollar value total but the dollar value per day and estimated number of jobs connected to canadian/united states trade, couple billion per day. crude oil major part of that, car parts, agriculture as well. those are the top imports from canada this way. >> press conference focused a lot on security. cnbc's josh lipton joins us now with retired four-star general keith alexander with more on the topic of security. josh? >> tyler, thank you. and thank you for being with us, general. i want to begin with michael flynn. communications were apparently intercepted by senior u.s. intelligence officials, that suggestion that we have real tension between this administration and the intelligence community. at the same time, as you know, president trump has said cyber security, a top priority of this administration. how do you square those two. >> my experience in listening to him in clos

of course, that means nafta, between the two neighbors. we're going to stick with business.aniel has your business news now the latest on the greek debt crisis. >> i'm worried i'm going to sound like a broken record but it's all coming back up again the e.u.'s top economic affairs official is heading to athens this week. he wants to persuade reluctant greeks to take on further reforms. now, those will unlock badly needed loans. months of failed talks, of raised fears, of a new debt crisis. that could once again jeopardize greece's place in the eurozone. >> finally, some good news for struggling greece. the country beat its 2016 fiscal target. achieving a budget surplus of 2.3% of its gdp. the e.u.'s top economic affairs official said the figure sparked hope but cooperation remains crucial. >> looking ahead, continued good performance, crucially hinges -- we're working intensely to compete the second review, and we should do that on the basis of the right figures. >> in athens, greece's central bank chief pushed for a speedy agreement with international lenders. further delay

but during his campaign mr tump claimed nafta was the worst trade deal in the history of this countryy after taking over at the white house, he said he would meet the leaders of canada and mexico to renegotiate nafta. the we are also meeting with the prime minister of canada, and we will be meeting with the president of mexico, who i know, and we are going having of mexico, who i know, and we are going e anybody having {leéic’igfif but 3; w. to laaseé. if ezeéee 5. 4 .,; as; £45574?” ... 7. ea.-. 55 9.22.44. 5. 4 ...- ..., £4-57...” . -. fensgfltfis ,, ,on start renegotiating nafta, on immigration, and on security at the border. and mexico has been terrific, actually, the rydzek. —— terrific. with me is us political commentator kate andrews. and just in trudeau has been highly critical of many of mr trump's policies so far, yet securing a trade deal or continuing with the current deal is crucial for canada, isn't it? he will be walking a fine line, but the difference is that just in trudeau has been very vocal, you are right, about his opposition to many of mr trump's policies, especiall

all of a sudden they wanted to renew nafta and basic nafta has been great for mexico.has quadrupled between 2007. the actual number is 83% which is not a tripling where i come from. anyway the myth but somehow spring break or mexico, mexico economy has grown more slowly since nafta than the u.s. economy and you expect poor countries to converge with ref ref -- rich company -- rich countries. hasn't happened. maybe there did come it would be worse absent nafta which you can't rule out but indications are that their country has declined since nafta. if nafta put downward pressure on wages so sums shipment of jobs and a trade deficit on the order of 60 billion euros mexico now and the small cerp was. their other factors there and the other issue is there's a professor at the industrial school of cornell that documented a number of cases where companies threaten to move to mexico if their workers unionize. i think it was a bargaining tool. i don't think it has huge effects but i think the effects are clearly negative. in looking at u.s. and europe i look at the proposal fo

, so to change nafta would probably require legislation.greement between the u.s. and canada in the late 1980s which they could fall back upon. but, again, this would not be a very quick process. and i think that canada's main interest is in sort of keeping the stability of the trade. they're each other's largest trading partners. and at the same time be able to handle some sensitive issues like soft lumber and the other trade issues that are where there are disagreements. >> some folks are trying to write narratives that argue the president is taking a more measured view when it comes to foreign policy. the one china policy in the phone call with xi, embassies in jerusalem backing nato to a greater degree than he certainly did during the campaign. do you think the abes and trudeaus of the world sense that? >> absolutely. i think if you step back, which is hard to do when you're following it minute by minute, but if you step back you see what president trump did after being elected is to challenge a lot of this sort of existing relationship

and there are disagreements about nafta. and the question of whether immigration and refugees comes up, because of course canada has been welcoming in refugees. and we are now going through this controversy in this country about how to allow people in. >> david chalian is our political director. what are you looking for? >> you know, this is now you mentioned the abe meeting on friday. -- >> the japanese prime minister. >> the japanese prime minister. >> we have the canadian prime minister and then we have benjamin netanyahu coming from it reel later this week. donald trump is sort of on the world stage with his counter-parts while his own turmoil inside the white house is going on. that we've been wreath reading about in headline after headline. this is not yet a buttoned down west wing operation. clearly those foreign leaders are reading that as well. the president has to play at two levels at the same time as he is hosting all the foreign dignitaries. that's what i'm looking for, how he handles if he gets questions about

i will be tweaking nafta. don't know whether he intends to rip it up particularly with respect to mexico so i think that will be received positively if he moderates his tone. he could go try to strike bilateral deals with some of the -- countries that were part of the transpacific partnership that's been withdrawn but he hasn't indicated which ones he's going do that with. >> let's talk about health care. this is probably the toughest one of all. where do we stand on that? >> reporter: republicans are running into trouble with the idea of a quick replacement repeal of obamacare and a replacement. they know now that if they repeal obamacare with republican president, full republican control of the congress it's real and all of those 20 million people who could lose korcher coverage are going to be in their face protesting. the same time replacing a comprehensive national health system with a new one is incredibly complicated and politically difficult. it may be that republicans decide to punt on that question a

he plans to renegotiate nafta. let's get more from athena jones. >> reporter: good morning, john and christine. the president has another week of diplomacy ahead starting with a meeting and press conference with prime minister justin trudeau. after the inauguration last month, the president said one of the top items on the agenda when he meets with the prime minister would be nafta. renegotiating nafta was the president's central campaign promise. doing so will require the participation of mexico and mexico's president enrique pena nieto. these two can get started on that today. it is worth noting that trprime minister trudeau responded to the president's travel ban on twitter by tweeting that refugees are welcome in canada. regardless of religious. that travel ban was a big topic as the white house figures out the next steps in the wake of that ninth circuit court of appeals ruling that keeps a temporary rollhold on the ban. the president said he could five a new executive order as early as today or tomorrow. he d

where do you see in on the belief that nafta must go. >> i think we need to refine and tweak nafta. the iphone was not invented yet. the internet was in its infancy at this point. it could be revised and refined. there is a lot of important things we could add or improve. trade with canada trade with mexico is really important. we are showing video of your operations. a lot of american flags here. you are willing to sell to countries that will absolutely buy from you. is there anything that you fear or panic about everything at one stage is appropriate. you have to tweak it. what part of it do you need to see tweak and what part do you need to stay the same so that you keep selling your goods across the border. >> and exports of 39 countries. th sure is that when we ship a car to canada or they ship a car back to us taxes are the same each way. we ship baskets into canada. we want to make sure that the canadian basket maker has the same tax coming into america as we have going into them. we need a level playing field. the american manufacturing community will rise to the occasion. i

>> nafta, nafta, nafta. this is all about whether justin judtrudeau is able to negotiate withih the administration. this progressive young rising rockstar in canada has issued tough talk against this administration, and of course you couldn't have two more polar opposites meeting at the white house. but this is all about trade. the administration feels they have leverage. the canadians are concerned that president trump's tough talk with mexico could actually reverberate and negatively impact their own negotiations with united states. david: thanks so much. our chief washington correspondent. for more on trump, we are joined now by the head of global rate strategies. the president is meeting with prime minister trudeau. how in debt is canada to the united states? when it comes to trade, they depend upon us. a lot. >> right. this is the largest trading partner for canada. how much is is traded being used as a zero-sum game by the trump administration? throughout the campaign there was -- if somebody else is b

maybe we'll do a new nafta and we'll put an extra f in nafta, free and fair trade is what the extra f charles: he cautioned bureaucrats to be ready for a new deal. kevin, there were reports out of mexico today about some sort of internal memo within the government that hints at major progress being made on some nafta concessions. i think the sort of guyette earth diplomacy is work. canada and mexico are going to blink. how soon do you think we can get a new new nafta deal. >> if you could, take that question for me? >> it's unclear how long it would take to do it. but there are signs there are some openness to this. that have been talked about a 60-90-day period getting these talks started again. there are clearly things they want to talk about, rules much origin, products made that have to include a certain amount of parts made in the country. you can increase that percentage of parts that need to be made in the united states. that would be a big deal for us. there is clearly some progress going on. at the same time we are having reports of tension between trump and the president of

we do a new nafta.ade, not just free trade, free and fair trade because it's very unfair, so all of the statutory guidelines we are adhering to, i would like to speed it up if possible. >> north american free trade agreement signed with mexico and canada more than 20 years ago he wants to renegotiate. >> renegotiating nafta is completely fine, reasonable objective, the iphone didn't exist, it was a long time ago, however, this is just so ill lust trif of his impatience, but if you get a renegotiation of nafta, if he can get along with mexico an canada which is not so great, wouldn't be until 2018. a fix for health care, an infrastructure package, tax reform is going to be one of his greatest challenges because he wants to win on the board every day and wapnts things to happen quickly but that's not the way it works. >> so far we have seen a very, very active and i assume that's going to continue. he's got a lot of energy, gloria, as you and i well know. that's it for me, thanks very much for watching. i

i don't care if it's a renovation of nafta or a brand new nafta, but we have to make it fair.t's unfair to the american worker and very, very unfair to companies that do business in this couny. >>> turning to numbers now, new polling shows president trump's job approval under water as americans size up his major moves on several policy fronts. in a gallup poll conducted monday and tuesday, half of americans, 52% disapprove of his job performance. 43% approve. 47% believe he's moving too fast. 35% think he's running at the right pace. while 10% want even quicker action. that compares unfavorably with president obama at the same time in 2009 when 63% felt his pace was right. 10% thought obama was not moving fast enough. on the president's executive orders, 55% disapprove of the temporary ban on people entering the u.s. from seven majority muslim nations. 42% are in support. 58% are against last week's order to suspend the syrian refugee program. and in a 60% to 38%, more people disapprove of the president's order to construct a border wall with mexico. >>> the republican control

we do a new nafta and put an extra f in the term nafta. you know what the f is for, right? free and fair trade. >> reporter: the president spoke about nafta a little while ago as he is meeting at this hour, we believe the meeting is still going on with the leaders of harley-davidson. ashley, back to you. trish: i wonder where he was going with the extra f. he cleared it up. blake burman. thank you very much. >>> another big story we're following. the democrats fighting tooth and nail to basically obstruct president trump every step of the way. listen to what house minority leader nancy pelosi called the president today. >> every time something gets hot, he changes the subject, he changes the subject, he's an illusionist, if you -- now you see it, now you don't. >> an illusionist. that wasn't bad enough. listen to what she called white house chief strategist steve bannon. roll tape. >> what's making america unsafe is white supremacist named to the national security council as a permanent member. it's a stunning thing that a white supremacis

hanji thinks that any changes in the nafta rules would affect the company's global supply system. he fears that if the firm is forced to move its factory again, the costs will be prohibitive. >> translator: should we move our production somewhere else from mexico? it's not an easy decision. you need skilled workers to manufacture the parts. >> reporter: another car partsmaker in central japan is also staying alert. it produces seat parts and steering columns. the company was planning to expand its output in mexico by investing 300 million in the next five years but officials are worried not only about the possibility of higher tariffs but also by possible changes in the so-called growth of origin. under current nafta rules, the mexican portion of the vehicle's components and processing has to be more than 60% to be duty free. >> translator: we do the heating process here before we ship these parts to mexico. >> reporter: they fear a change in the rules could mean this heating process would need to be done in north america, and that would have a big effect on the company's investme

i want to change it, and maybe we do it on new nafta and we put an extra f in the nafta, and you knowhat that is for, right? free and fair trade, not just free-trade. food free and fair trade, because it's very unfair. so all of these statutory guidelines we are adhering to, i would like to speeded up if possible. you are the folks i can do it. and we will make great trade deals, and we will have something, i don't care if it's a renovation of nafta or a brand-new nafta, but we do have to make it fair, and it's very unfair to the american worker, and very, very unfair to companies that do business in this country. that is why they are leaving. while there are many reasons. including the taxes are too high, we will take care of that also. you all know wilbur ross, one of the great people of wall street, and he will be representing negotiations, along with a lot of other great people. so we really assembled tremendous talent, some of the best in the world, carl told me that i can't believe you let wilbur on wall street is known as wilbur, and he is one of the greats. and he's fair, and

does not the main focus of issues within nafta.has a relatively balanced trade with -- trade with the united states. what we have seen in terms of leverage money positioning is as of early last week they are the most they've been in years. expectations that canada will benefit from a stronger u.s. economy. ultimately we think canada is a week balance of payments story. thank you very much for your thoughts on that. -- the lowlo, u.s. capital. he stays with us. a new edition is available on your bloomberg and your mobile . the cover story is around the banking sector in a just see. , if he incomes to client, and a one billion dollars by back. vanguard targeting europe. to boost market share as it benefits from the increased cost of managing money. , marine leelection pen is catching up with her rivals. polls pointstest to marine le pen losing heavily in the second round by 61.5%. both good check in the markets. details of what is happening. reporter: overall we are seeing stocks higher. treasuries yields higher. we opened today afte

and certainly nafta as a front and center.ggestion that we should have a bilateral trade agreement between canada and the u.s. and another bilateral agreement between mexico and the u.s. there are not very many things that are common if you well between canada and mexico. they certainly respect the environment and their workers. it is our first cousin. when you look at mexico the issues are so very different i don't know if i nafta type agreement makes a lot of sense. we will see where this trade negotiations go but there's an awful lot of back-and-forth trade with canada certainly out of motives in the detroit area. into the production of cars in the u.s. agriculture and some of the other trade issues will be front and center. i was having this discussion with a leading business person over the weekend. what i ever do a deal with 20 other companies. no i'm going to end up favoring one or two more so than the others. somebody is not going to get a fair share. it was a second biggest in the world. they can get a little politica

can nafta be improved for negotiation? would it be more useful to focus on issuesnv posed by the major trade and investment challenge that is china. for example, its overcapacity, et cetera. have we in fact seated economic and strategic interests to china? what are the implications of a border tax? if we do a border tax as unilateral action to mexico and other countries is it a real possibility. there ways ae apeterson instit publication that said the one outcome of the trump policy if fully enacted could be implosion, that is to say, that the economy couldn't withstand thee disruption. should our trade enforcement regime, should congress take a look and the administration at our trade enforcement regime, countervailing duties be made more robust to make it more possible to return to market-opening incentives down the road? we're watching serious strains eu.elop in the what is in fact the impact of trump's approach to brexit in the european union? how could dissolution and weakening of the eu hurt the u.s.? i'll start with